Big investors in Dunkin Donuts, Folgers, Millstone and other coffee brands slam company for not disclosing climate risks.
“Because coffee accounts for 40 percent of [J.M. Smucker’s] net sales and 48.6 percent of profit, and the coffee industry is particularly susceptible to climate change-related impacts, [the company] must provide a robust assessment of climate change risks to its coffee business supply chain,” states a letter (pdf) sent to shareholders, urging them to vote yes on the resolution.”
Source: NYTimes
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